Is Genesis Energy LP overvalued or undervalued?

As of 31 October 2024, Genesis Energy LP has moved from a valuation grade of very expensive to risky. The company is currently assessed as overvalued given its significant financial challenges, including a P/E ratio that is not applicable due to losses, a price-to-book value of 6.38, and an EV to EBITDA ratio of 9.35. The return on equity (ROE) stands at a troubling -0.19%, indicating inefficiency in generating profits from shareholders' equity.
In comparison to its peers, Hawkins, Inc. is rated attractive with a P/E ratio of 33.59 and an EV to EBITDA of 18.73, highlighting a stark contrast in valuation and performance metrics. The high EV to Capital Employed ratio of 1.50 further emphasizes the risk associated with Genesis Energy LP's current valuation. Despite recent stock performance showing a 64.99% year-to-date return compared to the S&P 500's 2.44%, the underlying financial metrics suggest that the company is not positioned favorably in the market.